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Technology Stocks : PCW - Pacific Century CyberWorks Limited

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To: ms.smartest.person who wrote (57)	1/14/2001 2:13:53 AM
From: ms.smartest.person	Read Replies (1) of 2248

MARKET TALK-HK: PCCW To Complete Loans By Feb 15 0829 [Dow Jones] Pacific Century CyberWorks' (0008) deputy chairman Francis Yuen says company's US$1.5 billion IP Backbone loan with Australia's Telstra and US$4.7 billion syndication loan to refinance takeover of Cable & Wireless HKT will be completed by Feb 15. Finalization of loans expected to help stabilize flagging stock but impact unlikely great as long expected. Shares ended down 3.1% at $4.675, lowest close since merger with HKT.(STT) 0823 [Dow Jones] HK SHARES OVERNIGHT: Shares fell in London trading; U.K.-based HSI down 40 at 15050. HSBC (0005) continued to fall from recent highs, losing 88 cents to $114.12. In New York, ADRs mostly fell; China Mobile (0941) down 1.5% at US$28.63 (equivalent to $44.66); China Unicom (0762) down 2.5% at US$14.88 (equivalent to $11.61); HSBC flat at US$74.89 (equivalent to $116.82); Cheung Kong (0001) down 4.5% at US$12.75 (equivalent to $99.45); Hutchison (0013) down 0.4% at US$62 (equivalent to $96.72); Pacific Century CyberWorks (0008) flat at US$6.25 (equivalent to $4.87); Sinopec (0386) down 4.7% at US$15.06 (equivalent to $1.17).(SMG,IVW) 0816 [Dow Jones] Short-selling turnover down 17.4% at $243 million yesterday; number of stocks shorted rose to 36 from 34. Legend (0992) led with $39.5 million as China-related stock suffered deep pull back in afternoon following good recent gains. Pacific Century CyberWorks (0008) posted $32.2 million worth of short-selling while stock price reached post-merger low. Other active counters: SHK Properties (0016), Wharf (0004) and China Mobile (0941).(IVW) 0809 [Dow Jones] WALL STREET: Nasdaq staged broad 4.6% gain, first time it has risen for 3 straight sessions since Sept. 1 last year; uptick came despite relatively disappointing profit news from high-tech companies. Difference this time is while investors punished individual stocks like Yahoo! on earnings shortfalls, they left rest of sector alone, allowing chip and computer makers to rise. Again, DJIA couldn't match Nasdaq, up mere 0.05% as investors liquidated some holdings to switch to tech. Motorola added 4% on its 4Q results that met forecasts, with Nokia and Nortel also higher. A mixed tale after-hours: computer maker Gateway shed 8% after falling well below analyst expectations on 4Q results, while Hewlett-Packard lost 4.2% on 1Q earnings warning; but Ariba beat forecasts on 1Q results. (RXM) 0800 [Dow Jones] OUTLOOK: 1315 American Chamber of Commerce's new chairman to make inaugural luncheon speech; 1500 Hutchison (0013) media conference to launch online investment asia.biz.yahoo.com

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